Analysts Anticipate Cboe Global Markets, Inc. (NYSE:CBOE) Will Announce Quarterly Sales of $345.45 Million

Wall Street brokerages expect that Cboe Global Markets, Inc. (NYSE:CBOE) will announce $345.45 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Cboe Global Markets’ earnings, with estimates ranging from $338.48 million to $352.30 million. Cboe Global Markets reported sales of $292.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.3%. The business is scheduled to issue its next earnings results on Friday, October 29th.

According to Zacks, analysts expect that Cboe Global Markets will report full year sales of $1.40 billion for the current fiscal year, with estimates ranging from $1.40 billion to $1.42 billion. For the next financial year, analysts forecast that the firm will post sales of $1.44 billion, with estimates ranging from $1.38 billion to $1.48 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Cboe Global Markets.

Cboe Global Markets (NYSE:CBOE) last issued its quarterly earnings results on Friday, July 30th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. The company had revenue of $350.60 million during the quarter, compared to analyst estimates of $344.88 million. Cboe Global Markets had a return on equity of 17.48% and a net margin of 14.65%.

A number of equities research analysts have recently commented on the company. Morgan Stanley began coverage on Cboe Global Markets in a research report on Friday, June 11th. They set an “underweight” rating and a $104.00 price target on the stock. UBS Group raised their price objective on Cboe Global Markets from $111.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, July 7th. Finally, Argus lifted their price target on Cboe Global Markets from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday, August 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Cboe Global Markets has an average rating of “Buy” and an average price target of $116.78.

Shares of CBOE stock traded up $2.13 during trading hours on Thursday, hitting $123.88. 425,572 shares of the company’s stock were exchanged, compared to its average volume of 652,694. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.23 and a quick ratio of 1.23. Cboe Global Markets has a 52 week low of $77.63 and a 52 week high of $139.00. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.86 and a beta of 0.63. The stock’s 50-day moving average is $122.53 and its 200-day moving average is $113.60.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, August 30th. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.42. This represents a $1.92 annualized dividend and a dividend yield of 1.55%. Cboe Global Markets’s dividend payout ratio is currently 40.59%.

About Cboe Global Markets

Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, North American Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.

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